SAP restructures board to emphasize AI-first, suite-first strategy

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SAP also forms Extended Executive Board to support “AI-first, Suite-first” strategy, improving efficiency and accelerating transformation The article SAP announces Sebastian Steinhaeuser joining Executive Board is an original content of 01net.

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SAP restructures board to emphasize AI-first, suite-first strategy

SAP is starting the 2025 financial year with a new executive board. The German software company announced that 39-year-old Sebastian Steinhäuser will be promoted to the executive board. In the future, Steinhäuser will head the newly created Strategy & Operations board group and, in this position, will continue to drive the implementation of SAP’s strategy and simplify company processes. The integration of Strategy & Operations with Global Market…

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SAP Looks to Save €500 Mn With AI

At the recent earnings call, SAP revealed that AI has already saved the company €300 million ($324M) in 2024, with expectations to cross €500 million ($540 Mn) soon. From cutting contract processing times by 75% to automating sales and operations, AI is no longer just a buzzword—it’s SAP’s biggest efficiency driver. “Overall, we expect the one-way efficiency effect of our existing AI implementations of roughly €300 million already this year. And…